News

In a comment letter to the Office of Thrift Supervision, CUNA said the regulator's proposed rule to expand savings and loan holding companies' authorities does not provide sufficient transparency, similar to credit union to mutual savings bank conversions.

A survey from TransUnion and the consulting firm of Edgar, Dunn and Company has found that more consumers prefer debit cards to every other method of payment. But, at the same time, the survey found that consumers have been closing more credit card accounts than they have been opening.

The $660 million Local Government Federal Credit Union has rolled out an informational kiosk that will allow members to get financial data from their accounts and human resource data from their employers that are LGFCU SEGs.

Data is steadily rolling in that demonstrates credit unions with flat or underperforming credit card portfolios can breathe more life into their card programs with the addition of a little Platinum.

Member credit unions of the Pennsylvania Credit Union Association will soon be able to join the CO-OP Network, a surcharge-free ATM and EFT network, after the association signed an agreement with CO-OP Financial Services, the network's parent CUSO.

The Chinese government has turned to the World Council of Credit Unions for help in establishing credit unions in the poorest of the country's provinces. The Chinese have authorized the beginnings of credit unions, known as rural credit cooperatives.